 "NetApp To Acquire Onaro")
NetApp has announced a definitive merger agreement to acquire Onaro.
“I am very excited about the breakthroughs we can achieve for our customers with the addition of Onaro to our manageability portfolio,” said Tom Georgens, executive vice president, Product Operations at NetApp. “This deal is not just a first for the industry, but also a new opportunity for customers to rethink their large-scale storage infrastructures—and gain extra confidence in the strength of modular systems to manage the biggest data challenges out there.”
“Eighty percent of all IT operational issues such as application outages, performance problems, and downtime result from unwitting change. Customers tell us they are being asked to commit to almost impossible levels of service to avoid these problems, which drain precious resources,” continued Georgens. “They are looking to us for a solution to obtain a better view and gain more control over their storage systems, not just as physical devices but as a set of services. With the addition of Onaro, our ability to provide the underlying modular storage architecture as well as policy-based storage management software will help enterprises commit to escalating service evels required by their business in the near term and to proactively continue to navigate changes in their data centers.”
“We are excited and look forward to joining the outstanding team at NetApp,” said Doug McNary, president and CEO at Onaro, Inc. “NetApp global channels and its powerful brand will accelerate Onaro’s ability to address the growing worldwide demand for our products. Our technologies and strategies are very complementary and will enable the combined companies to offer customers comprehensive storage management solutions for the data center.”
The acquisition is expected to close in the first quarter of 2008, subject to customary closing conditions.